Abstract: A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.

Abstract: A method and system of optimizing microgrid operations is provided. One or more intelligent microgrid coordinators interface with the microgrid such that those microgrid coordinators are able to measure and control all microgrid asset activities. The microgrid coordinator is used to forecast the microgrid's demanded load more accurately, and assign asset commands so as to optimize microgrid consumption, generation, and storage of load. The method and system incorporate a valuation of dispatchable load in optimization functions. The microgrid coordinator is further used to protect the microgrid assets from over-current situations when the microgrid is connected to the bulk electric system and when islanded. The method and system provide a means to test the microgrid controller prior to implementation on the microgrid in order to assure proper operation.

Abstract: Techniques are described for incorporating distribution network analysis in the demand response scheduling process. In one example, a method includes receiving demand response (DR) request from a DR initiator, transmitting the DR request to an aggregator, for each customer, receiving customer location information and a customer DR value from the aggregator, aggregating DR at a distribution transformer in a distribution system, determining if there are any violations in the distribution system, determining an aggregated DR value for each electric node affected by the DR request, and transmitting each determined DR value to the DR initiator.

Abstract: A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.

Abstract: A method and system of optimizing microgrid operations is provided. One or more intelligent microgrid coordinators interface with the microgrid such that those microgrid coordinators are able to measure and control all microgrid asset activities. The microgrid coordinator is used to forecast the microgrid's demanded load more accurately, and assign asset commands so as to optimize microgrid consumption, generation, and storage of load. The method and system incorporate a valuation of dispatchable load in optimization functions. The microgrid coordinator is further used to protect the microgrid assets from over-current situations when the microgrid is connected to the bulk electric system and when islanded. The method and system provide a means to test the microgrid controller prior to implementation on the microgrid in order to assure proper operation.

Abstract: A computer program for automating energy trading between regional transmission organizations (RTOs) is disclosed. The computer program includes computer readable program code means for creating a template for an energy trade between two RTOs, wherein the template comprises a plurality of trade components, the plurality of trade components being arranged in sequential order according to an RTO's required order of execution; computer readable program code means for selecting a template for an energy trade between two RTOs; computer readable program code means for displaying a summary of a trade; and computer readable program code means for monitoring and displaying a trade's status.

Abstract: Techniques are described for incorporating distribution network analysis in the demand response scheduling process. In one example, a method includes receiving demand response (DR) request from a DR initiator, transmitting the DR request to an aggregator, for each customer, receiving customer location information and a customer DR value from the aggregator, aggregating DR at a distribution transformer in a distribution system, determining if there are any violations in the distribution system, determining an aggregated DR value for each electric node affected by the DR request, and transmitting each determined DR value to the DR initiator.